Question

Sunil invested 50,000 for 18 months at the rate of 16% compound half yearly. find the compound interest

Answer 1

p=50000
n=3 (3 half yearly for 18 months)
r=8%(16 per year then for halp yearly 8)
$50000 \times \frac{108}{100} \times \frac{108}{100} \times \frac{108}{100} = 62985.6 \\ ci \: = ca - p \\ ci = 62985.6 - 50000 = 12985.6$

Answer 2

Answer:

12985.6

Step-by-step explanation:

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